Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday November 24. Click on a stock ticker for more analysis:
Correction: Our original summary of the Nov. 23 "Mad Money" erroneously indicated that it was a rebroadcast of the Oct. 4 show. It was in fact a rebroadcast of the August 29 show -- the corrected version can be read here.
Friday's Mad Money was a rebroadcast of a show that aired on May 15, 2006.
Focus: Retail Stocks: Although Cramer does not recommend buying all of these retail stocks now, he has listed the top ten to watch and to buy when they bottom out. While these stocks may be a bit more costly on a valuation basis, Cramer says that they are consistently strong and are the retail stocks most likely to yield an excellent profit:
Best Buy (NYSE:BBY): Cramer says that BBY is "The best hard goods retailer in the US ... make that the world," and dominates big-screen TV and electronics retail sales. BBY should excel in sales of new Apple iPod products.
Lowe's (NYSE:LOW): "Smaller than Home Depot...but there is a lot of room to grow."
Costco (NASDAQ:COST):"Cheapest and best-run of all the big warehouse stores." Cramer likes COST better than Wal-Mart, and notes that it now sells electronics, appeals to wealthy customers and pays its employees well.
Men's Warehouse (MW): 'They keep rolling out concept after concept."
Federated Department Stores (FD): This company owns Macy's, Bloomingdale's and Lord Taylor. "FD has the opportunity to turn a bunch of middle-of-the-road stores they bought from May into high-end Macy's and Bloomingdales."
Sears Holding Corporation (NASDAQ:SHLD): Cramer sees potential for "a big turnaround," has confidence in CEO Eddie Lampert because of his success on Wall Street, and sees SHLD as a real-estate as well as a retail play.
JC Penney Corporation (NYSE:JCP): "Great management, terrific attention to detail and they've got all the brands you want." Cramer particularly likes JCP because of the addition of Sephora cosmetics.
Coldwater Creek (NASDAQ:CWTR): "it's a regional-to-national story...a lot of room to grow."
Starbucks (NASDAQ:SBUX): They have expanded in the U.S. sufficiently, but are looking at China: "Twenty percent of Starbucks' sales will be pouring out of China 2 years from now."
Commerce Bancorp (CBH): This bank is "run like a retailer...will benefit bigtime from all of those Banks of NY that are going to JP Morgan... (CBH) capitalizes opportunistically on the disruption."
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